In 2023, the average daily value of mobile easy payment transactions made in South Korea amounted to about 875.5 billion South Korean won, up from about 761 billion won in the previous year. The average daily value of mobile easy payment transactions has been rising sharply over the past few years.
Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023
(in billion South Korean won)
Mobile easy payment refers to a payment method carried out via mobile devices on which the credit or debit card data is stored. Users register their cards with the mobile payment service provider, which enables them to make online and offline payments using just a passcode or fingerprint scan, bypassing the authentication process previously required.
1,000 South Korean won equals 0.73 U.S. dollars or 0.68 euro as of May 2024.
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Bank of Korea. (March 18, 2024). Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023 (in billion South Korean won) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1015580/south-korea-m-payment-transactions-daily-value/
Bank of Korea. "Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023 (in billion South Korean won)." Chart. March 18, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1015580/south-korea-m-payment-transactions-daily-value/
Bank of Korea. (2024). Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023 (in billion South Korean won). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1015580/south-korea-m-payment-transactions-daily-value/
Bank of Korea. "Average Daily Value of Mobile Easy Payment Transactions Made in South Korea from 2016 to 2023 (in Billion South Korean Won)." Statista, Statista Inc., 18 Mar 2024, https://www.statista.com/statistics/1015580/south-korea-m-payment-transactions-daily-value/
Bank of Korea, Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023 (in billion South Korean won) Statista, https://www.statista.com/statistics/1015580/south-korea-m-payment-transactions-daily-value/ (last visited November 23, 2024)
Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023 (in billion South Korean won) [Graph], Bank of Korea, March 18, 2024. [Online]. Available: https://www.statista.com/statistics/1015580/south-korea-m-payment-transactions-daily-value/
